Colorable Claim – a claim that appears legally well founded, but may actually be false or invalid

colorable:

1. Apparently valid or legitimate, but actually false or questionable.

colorable claim:

1. A claim that superficially is legally well-founded, but that may actually be invalid.

2. In bankruptcy law, a groundless claim of right to property by a person in possession of the property against trustee in bankruptcy’s claim for possession. [1]

1. a claim that appears to be valid but is in fact invalid. [2]

1. A claim that is legitimate and that may reasonably be asserted, given the facts presented and the current law(or a reasonable and logical extension or modification of the current law).

2.. A claim in which the debtor and property holder are, as a matter of law, not adverse. * An example of a colorable claim is one made by a person holding property as an agent or bailee of the bankrupt. [3]

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